- IRDAI sets a target of 5 years for life insurance companies for greater penetration; proposes state-level committee
- Dalal Street Corner: Bank, FMCG stocks help Nifty clear crucial hurdle of 15,800; what should investors do on Tuesday?
- Despite windfall tax, brokerages remain bullish on oil & gas stocks; see up to 70% upside on ONGC, Oil India
- Rupee settles flat at 78.94 against US dollar
- Akasa Air showcases crew uniform; conducts proving flight test
mobile wallets
Whatsapp to use UPI payments soon; here's how it may work
Wed, Apr 05, 2017
Facebook owned messaging app, Whatsapp may soon launch Unified Payments Interface (UPI) to promote peer-to-peer payment on its platform among other payment modes. Whatsapp that has 200 million users in India would have its own mobile wallet which could be out in a matter of six months.
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Only 70% citizens feel charges on cash transaction are a bad decision: Survey
Tue, Mar 07, 2017
The survey said, “Consumers are of the opinion that instead of reducing the cost of digital transactions, private banks are trying to show the stick to the customer and forcing them to go digital. Consumers are very concerned with the cost of digital transactions and many of them have reported that merchants are still charging 2% additional for debit, credit or wallet transactions.”
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Charge on cash deposit: Why blame the banks when RBI approved move
Mon, Mar 06, 2017
One of the reasons could be the rise in cash withdrawals since January 2017. RBI data show that people have already started withdrawing cash from their bank accounts in large numbers which has led to slowdown in digital transactions.
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Demonetisation: RBI's rules and roll-backs since November 8
Thu, Dec 22, 2016
Prime Minister Narendra Modi shocked the country on Nov. 8 by abolishing 500 and 1,000 rupee notes, which accounted for 86% of the cash in circulation. The move was aimed at cracking down on the shadow economy, but has brought India`s cash economy to a virtual standstill.
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MobiKwik Lite crosses 20 lakh downloads in just 2 days as cash crunch prevails
Thu, Dec 01, 2016
Mobile wallet and online payment system, MobiKwik’s mobile app – MobiKwik Lite registered 20 lakh downloads in the first two days after its launch owing to demonetisation and the current cash crunch.
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